NeraTel has just announce their Q2 2015 results on 5th August 2015. An interim dividend of 2.5 cents was proposed which is payable on 28th August 2015.
NeraTel business consist of 2 segments, namely Telecommunications and Infocommunications.
Telecom business segment secured approximately $44.1 million in order intake, a significant increase of 19.6% compared to $36.8 million in 1H 2014 as a result of higher point to-point radio order intake from customers in the Middle East and Africa market in Q1 2015.
The Infocommunications segment comprises two business areas, namely Network Infrastructure and Payment Solutions.
Network Infrastructure business area secured approximately $47.2 million in order in-take, an increase of 12.3% compared to $42.0 million in 1H 2014 due to significantly higher order in-take in Q2 2015.
Payment Solutions business area managed to secure approximately $34.3 million in order in-take, a significant increase of 35.8% compared to $25.3 million in 1H 2014 due to strong order in-take in both Q1 and Q2 2015.
Total operating expenses for Q2 2015 increased 13.7% from $9.8 million to $11.1 million. This was due to higher payroll and related costs, rental costs (from new office in Myanmar and expansion of office space in certain countries) and higher depreciation expenses.
I will stay vested due to attractive dividends. If business in Myanmar picks up, there is potential for further growth in the company as we all know that Myanmar is still a developing country.